TradingMarkets’ 7 Stocks You Need To Know About For Monday
Stocks rose the last day of the
quarter, with
the Dow posting its first September gain in seven years. Crude
finished at $66.24.
For the quarter, the Dow rose 2.9%, the S&P added
3.2% and the Nasdaq gained 4.6%.
Energy stocks gained close to 20% for Q3. Natural
gas rose 80% in Q3 with gasoline rising 44% and crude oil, +13%.
AMR
(
AMR |
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PowerRating) said it will temporarily cancel
15 flights from its Chicago O’Hare and Dallas DFW hubs because of the high cost
of jet fuel.
Personal income in August fell 0.1%;
personal spending fell 0.5%. The University of Michigan consumer
sentiment index was 76.9 vs. 78 consensus. The Chicago PMI was 60.5
vs 52.0 consensus.
Now, here are a few stocks to watch for Monday:
Google
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PowerRating) may be added to the S&P
500 after the close on Monday–at least that’s the rumor. The stock ran up on
Friday on speculation it might be added on Friday.
Guidant
(
GDT |
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PowerRating) said its Vitality HE
implantable defibrillator received FDA approval.
Computer Sciences
(
CSC |
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PowerRating) said it signed
federal contracts worth $650 million. There may be resistance at that swing high
near the beginning of August.
Orthofix
(
OFIX |
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PowerRating) said it settled–for
$75 million (in its favor)–a patent suit between its subsidiary, Novamedix, and
Kinetic Concepts, Inc.
(
KCI |
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PowerRating).
The CEO at SeaChange
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SEAC |
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PowerRating) bought
91,000 shares between $5.36 – $5.66. The stock rose 13% on Friday–basically
parabolic–but may be one to watch on pullbacks.
A director at Electronic Clearing
(
ECHO |
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PowerRating)
bought 14,000 shares at $9.16/share. Generally speaking, insider buys are more
significant than sales.
Proctor & Gamble
(
PG |
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PowerRating) meets with
analysts on Monday.
Brice Wightman